The Utah Valley trend is very consistent with the real estate market throughout Utah. The number of Home sales is substantially down, but home prices continue to climb in Utah County. But will their be a upcoming price drops in Happy Valley?Here are the 2007 Home Sales Stats as compared with 2006.
Single Family Home Sales: Down 25.5%Condominium Sales Down: Down 6.3%Average Sold Price: Up 9.6%2007 StatisticsNumber of Single Family Homes Sold: 4,475Number of Condos Sold: 1,292Average Single Family Home Price: $289,311Median Single Family Home Price: $240,000Average Sold Condo Price: $172,248Average Days on Market: 51
2006 Statistics
Number of Single Family Homes Sold: 6,013Number of Condos Sold: 1,408Average Single Family Home Price: $261,396Average Sold Condo Price: $152,245Average Days on Market: 50
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